Streetbeat News

USO

United States Oil Fund, LP

http://www.unitedstatesoilfund.com

Industry

Asset Management

USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

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An OPEC event in Brazil was temporarily halted due to a climate protest. The event has now resumed.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:32 pm

The article discusses the current market exuberance for stocks related to AI data centers, highlighting Quanta Services (PWR) as a key player. It also covers China's economic moves impacting commodities like copper and oil, and provides insights into money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

September 24, 2024 | 3:40 pm

The market summary highlights President Biden's address on AI and foreign policy at the UN, rising oil prices due to China's stimulus and Middle East tensions, and a fall in the S&P 500 due to weak consumer confidence data.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

Oil prices are rising due to China's stimulus measures and supply concerns related to Middle East tensions. This development could impact oil-related ETFs like BNO and USO.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

The White House has advised Americans to leave the region amid the Israel-Lebanon conflict while commercial travel is still available. This situation may impact various sectors, including travel and energy.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:14 am

President Biden plans to discuss with the UAE President efforts to end the war in Gaza and deescalate the situation in Lebanon. This diplomatic engagement may influence geopolitical stability in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:33 pm

Russia anticipates a decline in oil and gas revenue over the next three years and plans to increase defense spending to $142 billion by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:19 pm

An Israeli strike targeted senior Hezbollah leader Ali Karaki, but his fate remains unknown, according to a security source cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:56 pm

The Israeli military has conducted a targeted strike in Beirut, which could have geopolitical implications affecting various sectors, including energy and regional ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:50 pm

The Israeli military has announced that it is now targeting Beirut, escalating tensions in the region. This development could impact various sectors, including energy and regional ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:47 pm

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